#1
29th November 2014, 01:31 PM
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How to become an Actuary
I want to become Actuary, how to become an Actuary, please provide step by step procedure???
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#2
29th November 2014, 01:59 PM
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Re: How to become an Actuary
Actuary is a professional working in the insurance sector who charge the financial contact of an uncertain future event and predict to a certain degree of correctness as. Eligibility Should have passed 10+2 (HSC) or equivalent with at least 85% in Mathematics/ Statistics Graduates or Post Graduate with not less than 55% marks in Mathematical subjects Candidates with CA/ CS/ ICWA/ MBA (Finance)/ PGDBA Age: Minimum age to become an Actuary in India is 18 years To become an Actuary, one needs to take up a course including 15 subjects with 14 compulsory and 1 optional subjects of a given list of subjects. These subjects are grouped into 100 Series (CT), 200 Series (CA), 300 Series (ST) and 400 Series (SA) 1. The subjects in CT Series cover Mathematical, statistical, economic and financial techniques, which are applicable internationally. There are 9 Subjects in CT series that are listed below: CT series (Core Technical Stage) CT1-Financial Mathematics CT2-Finance and Financial Reporting CT3-Probability and Mathematical Statistics CT4-Models CT5-General Insurance, Life and Health Contingencies CT6-Statistical Methods CT7-Economics CT8-Financial Economics CT9-Business Awareness Module 2. The CA series contains a question of general actuarial interest and aims to test communication skills of the students There are 3 Subjects in CA series that are listed below:- CA series (Core Applications Concepts) CA1-Core Applications concepts consisting of assets and liabilities CA2-Modelling, CA3-Communications 3. The ST Series cover investment, Life-Insurance, General Insurance and Pensions and other employment benefits There are 6 Subjects in ST series that are listed below:- ST series (Specialist Technical Stage) - Any two subjects ST1-Health & care Insurance ST2-Life Insurance ST3-General Insurance ST4-Pension & other employee benefit ST5-Finance & Investment A ST6-Finance and Investment B 4. The SA Series subjects focus on the practical application of the Principles covered in the corresponding ST Series subjects and earlier subjects. There are 6 Subjects in SA series that are listed below:- SA series (Specialist Application Stage) Any One Subject SA1-Health & Care SA2-Life Insurance SA3-General Insurance SA4-Pension & other Employee Benefit SA5-Finance SA6-Investment |
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